MZR - Mazor - Trading Statement

MZR - Mazor - Trading Statement                                                 
MAZOR GROUP LIMITED                                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 2007/017221/06)                                            
Share code: MZR & ISIN: ZAE000109823                                            
("Mazor" or "the Company")                                                      
TRADING STATEMENT                                                               
In accordance with paragraph 3.4 (b) of the Listings Requirements of the JSE    
Limited, shareholders are advised that the Company`s results for the year       
ended 28 February 2010, being earnings and headline earnings per share, are     
expected to be between 35% and 45% lower than the reported earnings and         
headline earnings per share for the prior comparative period.                   
Trading conditions deteriorated during the second half of the year with a       
particular slowdown witnessed in the Western Cape, the region in which the      
company is particularly dominant. Many large-scale projects have been           
cancelled or postponed as a consequence of developers not managing to secure    
funding. The Company has been proactive in venturing into regions outside of    
the Western Cape however this business has been secured at lower margins when   
compared to Mazor`s traditional business.                                       
Mazor has reduced its labour force as a result of the current trading           
environment and hence the results include once-off severance costs which have   
negatively impacted earnings. The Company will continue to focus on cost        
cutting and rationalization to ensure efficiency.  The Company continues its    
geographical diversification in the glass and aluminium distribution business   
through Independent Glass and Hulamin Building Systems.                         
The financial information on which this trading statement is based has not      
been reviewed by the Company`s auditors.                                        
The Company`s financial results will be released on or about 19 May 2010.       
Cape Town                                                                       
30 April 2010                                                                   
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 30/04/2010 17:02:02 Supplied by www.sharenet.co.za                     
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